Over the last week we've seen bullish activity on the usdcad.
We have a little over 100 pips to the next major support level.
if we get a pullback into the 1.25700 even handle number then that will complete the d leg of our bear cypher.
stops above the X leg
target one at 1.25428
target two either at the .618 retracement of the c d leg 1.25259, or ill be managing my second half of the position at major support at 1.24500
which is about 120 pips of profit!!!
good luck traders!!!
We have a little over 100 pips to the next major support level.
if we get a pullback into the 1.25700 even handle number then that will complete the d leg of our bear cypher.
stops above the X leg
target one at 1.25428
target two either at the .618 retracement of the c d leg 1.25259, or ill be managing my second half of the position at major support at 1.24500
which is about 120 pips of profit!!!
good luck traders!!!